Viper Energy (VNOM) Launches 11.5M Share Offering by Diamondback Energy
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Viper Energy Launches Secondary Common Stock Offering By Diamondback Energy, Inc.
March 5, 2024 4:23 PM ESTMIDLAND, Texas, March 05, 2024 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ: VNOM) (Viper) announced today the launch of an underwritten public offering of 11,500,000 shares of its Class A common stock by Vipers parent, Diamondback Energy, Inc. (the Selling Stockholder), subject to market and other conditions (the Secondary Offering). Viper will not receive any proceeds from the sale of the shares by the Selling Stockholder. The Selling Stockholder has also granted the underwriters a 30-day option to purchase up to an additional 1,725,000 shares of Vipers Class A common stock.
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